Adrianna Giesey, senior portfolio manager at Russell Investments, shared how the firm is providing investors with access to modern economy real estate by incorporating a specialty sector REIT strategy. “We like the REIT market to gain access to the specialty sectors, which is a nice compliment to a core real estate portfolio,” Giesey said. She added that Russell Investments expects these modern economy sectors, such as data centers and single family rentals, to see stronger cash flow growth over...
Jun 26, 2025•15 min•Ep. 501
Conor Flynn, CEO of Kimco Realty (NYSE: KIM) and Nareit 2025 Chair, joined the 500th episode of the REIT Report to provide a close-up view of how a leading retail REIT is navigating today's complex market environment. Flynn highlighted the resiliency of both the consumer and tenant base in the open-air shopping center space, pointing out that there’s been 13 years of virtually no new supply. “That obviously is a big benefit and it's showcasing in the occupancy side because occupancies now are at...
Jun 18, 2025•20 min•Ep. 500
Matt Werner, managing director & senior portfolio manager at Chilton Capital Management, joined the latest episode of the Nareit REIT Report podcast to discuss why investing in an active REIT strategy today is attractive for a number of reasons. Werner said tariff-induced volatility is a “perfect environment” for an active REIT strategy “because we're able to take advantage of things that we think are selling off more than they should or trimming things that maybe are outperforming our expec...
Jun 05, 2025•18 min•Ep. 499
Tim Bodner, real estate deals leader at PwC, joined the latest episode of Nareit’s REIT Report to discuss what today's uncertain market environment means for investment patterns and transaction activity. Bodner described transaction activity across a range of real estate sectors, including office, hospitality, senior housing, data centers, and energy infrastructure, as “fairly robust.” He stressed that the real estate sector is used to operating in periods of uncertainty and cyclical change, whi...
May 29, 2025•14 min•Ep. 498
Michael Seton, president and CEO of Sila Realty Trust, Inc . (NYSE: SILA), joined the latest episode of Nareit’s REIT Report podcast to reflect upon the one-year anniversary of the company’s listing on the New York Stock Exchange. Seton said he is “extremely optimistic” about Sila’s future, noting that the REIT is scaled to grow its portfolio, which currently exceeds $2 billion in assets. He said “very high quality” opportunities exist throughout the marketplace. “If a seller is trying to bring ...
May 22, 2025•10 min•Ep. 497
In this episode of the REIT Report special series, “Building Resilience,” Joanna Frank, Founder, CEO, and President of Center for Active Design, shares how focusing on health and wellness in the built environment builds resilience by focusing on the human impact of extreme weather events. In this special episode of the REIT Report, part of an ongoing series, “Building Resilience,” covering issues facing the REIT industry as it remains focused on investing for the long term, Joanna Frank, Founder...
May 20, 2025•34 min•Ep. 496
Patrick Wilson, a portfolio manager for CenterSquare Investment Management’s real estate securities group, was a guest on the latest episode of the REIT Report podcast. He noted that REITs are currently in a “pretty enviable position,” which has translated into greater interest in increasing REIT allocations from CenterSquare’s existing investor base, as well as from prospective clients. “In a typical garden variety recession, which rhymes with higher unemployment, lower consumption spending, RE...
May 15, 2025•14 min•Ep. 495
In this special episode of the REIT Report, part of an ongoing series, “Building Resilience,” covering issues facing the REIT industry as it remains focused on investing for the long term, Daniel Kaniewski, Managing Director, Public Sector at Marsh McLennan, joins Nareit’s Jessica Long, Senior Vice President of Environmental Stewardship and Sustainability, to discuss how his experience as the Federal Emergency Management Agency’s (FEMA) first deputy administrator for resilience has led to his cu...
May 13, 2025•32 min•Ep. 494
Matt Birenbaum, chief investment officer at AvalonBay Communities, Inc. (NYSE: AVB), joined the REIT Report podcast to discuss the multifamily REIT’s development strategy, including the repurposing of outdated assets, as well as demand drivers in the build-to-rent segment, mixed-use development opportunities, and more. Birenbaum touched on some of the major themes in the multifamily sector today, including the increase in migration to suburban locations and the desire for larger format housing o...
May 08, 2025•18 min•Ep. 493
In this special episode of the REIT Report, part of an ongoing series, “Building Resilience,” covering issues facing the REIT industry as it remains focused on investing for the long term, Jeremy Porter, head of climate implications research at First Street Foundation , joins Nareit’s Jessica Long, senior vice president of environmental stewardship and sustainability, to discuss how high-resolution climate models are helping people to understand property-specific impacts from different weather e...
May 06, 2025•34 min•Ep. 492
Darrell Crate, co-founder and CEO of Easterly Government Properties, Inc . (NYSE: DEA), joined Nareit’s REIT Report podcast to share his insight into how the REIT is addressing the commercial real estate needs of mission-critical U.S. government agencies. Crate noted that Easterly has been focused on efficiency since before the Trump administration created the Department of Government Efficiency (DOGE). “DOGE is a tailwind. We could not be more excited that the government's going to have the opp...
May 01, 2025•17 min•Ep. 491
David Schanuel, president and COO of SageWater, joined a sponsored episode of the REIT Report podcast to discuss the importance in the multifamily sector of including plumbing and mechanical infrastructure in capital improvement planning. SageWater helps multifamily owners protect their investment and improve residents’ quality of life through turnkey plumbing and mechanical infrastructure solutions. With forensic diagnosis, engineering design, and construction services, they upgrade and install...
Apr 29, 2025•12 min•Ep. 490
David Giulieri and Michael Svec, senior portfolio management directors and certified financial planners with the Chesapeake Capitol Group at Morgan Stanley, were guests on Nareit’s REIT Report podcast. In recognition of April as Financial Literacy Month, Giulieri and Svec touched on a range of topics relevant to novice and seasoned investors alike. Both Giulieri and Svec emphasized the importance of staying calm and focused in today’s volatile market environment. “If you can stay disciplined dur...
Apr 24, 2025•15 min•Ep. 489
Rob Main, managing partner at the shareholder advisory firm Jasper Street, joined the latest episode of Nareit’s REIT Report podcast. He discussed sustainability reporting and practical steps REITs can take to navigate the proxy season. Main described the corporate mood heading into proxy season as “anxious.” For many companies, however, as long as they've been engaging with their investors, have good disclosure, and aren't viewed as outliers by institutional investors, “they're probably going t...
Apr 17, 2025•12 min•Ep. 488
Danny Ismail, co-head of strategic research at Green Street, joined Nareit’s REIT Report podcast to discuss how real estate and REITs are positioned in the current highly volatile market environment created by last week's White House announcement on tariffs. Ismail said there's good reason to fear a slowdown in economic growth resulting from an increase in tariffs, not just from potentially higher import costs, but also a pullback in business investment as well as consumer spending. As for the m...
Apr 10, 2025•10 min•Ep. 477
Sherry Rexroad, executive vice president and CFO at Piedmont Office Realty Trust, Inc . (NYSE:PDM), was a guest on the latest episode of Nareit’s REIT Report podcast. Rexroad discussed ways to work within the current environment of shifting interest rates, recession worries, and geopolitical tensions in order to remain consistent on strategy. “It’s really important to differentiate between short-term volatility and secular change. Short-term volatility needs to be managed and monitored. It can b...
Apr 03, 2025•8 min•Ep. 446
Vikram Malhotra, managing director, real estate equities and research at Mizuho, joined the latest episode of the Nareit REIT Report podcast to share some of the findings from recent Mizuho research into the economic and investment implications likely to result from an aging population. Malhotra noted that the 75-plus cohort in the United States is set to grow at about 4% per annum over the next five to 10 years. By 2030, the group will represent 10% of the total population, up from 7.5% today. ...
Mar 27, 2025•11 min•Ep. 445
Nareit Hawaii Executive Director Gladys Quinto Marrone was a guest on the latest episode of Nareit’s REIT Report podcast. Marrone discussed the mission of Nareit Hawaii, including its community outreach work. As to how the Nareit Hawaii Community Giving Initiative, established by the Nareit Foundation, goes about selecting the programs it chooses to support, Marrone noted, “We try to ensure that grantees come from all around the state and serve as many people as possible.” Typically, four to fiv...
Mar 20, 2025•10 min•Ep. 444
Ji Zhang, portfolio manager for global real estate at Cohen & Steers, was a guest on the latest episode of Nareit’s REIT Report podcast. Zhang spoke about her firm’s recent entry into the active exchange traded fund space, including the Cohen & Steers Real Estate Active ETF. Zhang explained that the ETF is designed specifically to invest in “high conviction ideas” in U.S. REITs, while opportunistically investing in international and other real estate-related securities. “The ultimate goa...
Mar 13, 2025•8 min•Ep. 443
Bill Ferguson, co-chairman and CEO of Ferguson Partners, and Mike Cordingley, who leads Ferguson’s North American Management Consulting and Leadership Consulting Business Units, were guests on Nareit’s REIT Report podcast. Ferguson and Cordingley discussed their latest research into REIT CEO succession trends and shared best practices for transition planning. “Succession is, if not the highest priority for the board, one of the highest priorities,” Ferguson said. He noted that there were seven C...
Mar 06, 2025•18 min
Maaike van Bragt, senior research associate, and Chris Flynn, head of product development at CEM Benchmarking, were guests on the latest episode of Nareit’s REIT Report podcast. Van Bragt and Flynn discussed some of the findings from the 2024 CEM Benchmarking study into investment performance across various asset classes. In research sponsored by Nareit, CEM Benchmarking took a comprehensive look at investment allocations and realized investment performance across 12 asset classes over a 25-year...
Feb 27, 2025•16 min•Ep. 441
Melinda McLaughlin, global head of research at Prologis, Inc . (NYSE: PLD), was a guest on the latest episode of Nareit’s REIT Report podcast. She discussed broad trends impacting logistics today, including global trade, delivery speeds, new construction, e-commerce, rising barriers to supply, standout global markets, and more. McLaughlin said 2025 looks set to be a “solid year” for both consumption and global trade, based on strong labor markets. E-commerce, meanwhile, is “absolutely gaining ma...
Feb 20, 2025•13 min•Ep. 440
Allan Swaringen, president and CEO of JLL Income Property Trust , was a guest on the latest episode of Nareit’s REIT Report podcast. JLL IPT is a daily NAV REIT that owns and manages a diversified portfolio of apartment, industrial, grocery-anchored retail, health care, and office properties located in the United States. Swaringen said JLL IPT’s mission is to be a hybrid investment that balances the stability of performance in the private real estate markets with the same history of consistent, ...
Feb 13, 2025•11 min•Ep. 439
Three members of Citi’s global real estate research team—Nick Joseph in the United States, Aaron Guy in the U.K., and Howard Penny in Australia—joined the latest episode of the Nareit REIT Report podcast to share their thoughts on regional outlooks and sector performance. Macro fundamentals, interest rates, and geopolitical sentiment are mixed globally, resulting in stock preferences that are heavily driven by regional teams’ micro analysis, Joseph said. The key driver behind Citi’s list of most...
Feb 06, 2025•14 min•Ep. 438
Richard Barkham, chief economist at CBRE, was a guest on the latest episode of Nareit’s REIT Report podcast. CBRE is forecasting GDP growth of about 2.3% this year. With the economic momentum of 2024 continuing into 2025, “I think we're seeing the slow start to a new real estate cycle,” as vacancy begins to trend lower and rental growth generally firms and starts to head higher, Barkham said. Barkham described investor sentiment as “very positive” given the GDP forecast and the outlook for the y...
Jan 30, 2025•17 min•Ep. 437
Abby McCarthy, Nareit’s senior vice president for investment affairs, joined the REIT Report podcast to discuss the value REITs can provide to an overall investment portfolio. “REITs offer investors a low cost, effective, and liquid means of investing in commercial real estate. As real estate stocks, they provide meaningful benefits to investment portfolios, which does include competitive long-term total returns, a strong portfolio diversification, and stable dividend income,” McCarthy said. Res...
Jan 27, 2025•7 min•Ep. 436
Sher Hafeez, senior managing director of JLL’s M&A and corporate advisory group, was a guest on the latest episode of Nareit’s REIT Report podcast. Hafeez discussed how REITs are trading at a premium to net asset value, with certain sectors, including health care, data centers, and office accounting for the lion’s share of that premium. Many of these sectors are taking advantage of this cost of capital benefit and have issued equity to shore up capital to be on the offensive in 2025, Hafeez ...
Jan 09, 2025•10 min•Ep. 435
John Worth, Nareit executive vice president, research and investor outreach, was a guest on the latest episode of the REIT Report podcast. Worth discussed some of the key features of Nareit’s recently-published 2025 REIT Outlook . REITs have ready access to unsecured debt markets as well as the ability to issue equity, Worth said, which puts the sector in a strong position for 2025. Meanwhile, Nareit has identified four key megatrends that will continue to shape the global REIT landscape over th...
Jan 02, 2025•10 min•Ep. 434
In this episode of the REIT Report special series “Building to Zero,” Elena Alschuler, head of sustainability, Americas, LaSalle Investment Management, shares how the U.S. real estate industry has advanced the discussion on future planning for energy investments and reducing building-related carbon emissions. Elena Alschuler, head of sustainability, Americas, LaSalle Investment Management, who recently served as the working group chair for the CRREM North America project, joined this final episo...
Dec 17, 2024•22 min•Ep. 433
Cedrik Lachance, director of research at Green Street, was a guest on the latest episode of Nareit’s REIT Report podcast. He discussed key priorities for the REIT sector, opportunities for growth, valuation levels, IPO prospects, trends in Europe, and more. Lachance said that with the REIT market bestowing “pretty meaningful premiums in some sectors, we expect to see a fairly aggressive deployment of capital” from companies in the data center and health care sectors, self-storage, and to some ex...
Dec 12, 2024•13 min•Ep. 432
